Despite an ill wind of uncertainty blowing through the markets and afflicting both sentiment with confidence, some companies more recent share price falls appear to have been somewhat overdone.

Across in the recruitment sector, which admittedly can prove one of the more fickle areas for investments Harvey Nash Group at a current 55p does look worthy of a closer look, not least, as there is a chunky dividend on offer yielding close to 7%.

Such an attractive yield which taken in conjunction with a lowly forward PER of less than 7, can often sound alarm bells clanging with questions being raised as to an ability to maintain the anticipated payment alongside earnings visibility going forward.

However, in the case of HVN which has seen its share price trek southwards from a twelve month high of 95p ,the prospects do look solid enough, despite having succumbed to the uncertainty that permeated around Brexit back in the summer.

In its interim announcement released in September, the company which specialises in and around the technology space where it derives 90% of fees supplying specialist technology candidates to its clients reported a decline in pre-tax profit for the first six months of its year, which was largely due to a slowdown in the UK activity around the time of the Brexit referendum.

Whilst that was unwelcome, in conjunction, the company nevertheless announced a number of positives which arguably suggest that the share price slump has indeed been overdone.

In terms of its dividend, HVN announced a positive 5% increase in its payment which would appear to imply a strong degree of management confidence going into its more historically stronger second half.

Additionally, there was a positive performance on cash generation which returned an inflow of £1.5m against the £13.6m outflow recorded in the corresponding period and which in turn, was accompanied by a reduction in debtor days to 41.8 from 45.6.

Perhaps of more importance was the underlying positive tone moving forward which leads broker Panmure Gordon to anticipate second half EBIT to come out 16% ahead of the first six months and that also sees it pencilling in full year 2017 pre-tax profits of £8.3m.

Although the recruitment sector can often be at the mercy of tight margins, a combination of volume, alongside operations in more specialised sectors can prove both cash generative and lucrative.

In HVN's case, amongst others it offers clients spanning some thirty countries a service to both seek out and recruit highly experienced experts on a permanent contract basis.

Regions served include the fast growing and strong performing Asia-Pacific with notables such as Japan and Australia alongside Hong Kong and Vietnam, whilst the company also enjoys a strong presence across the US and throughout Europe where it works for and with clients of varying sizes.

Having a specific leaning to that constant and evolving area of technology HVN would appear to be well placed for the medium to longer term to further build on previous positive progress which has delivered increased earnings per share in each of the last five years.

Despite the more recent hiccup on trading which resulted in EPS being downgraded to 8.3p from a previously expected 9.6p, the shares trading on just 6.6x do look attractive, particularly when compared to peers such as Page Group or Sthree which stand on higher multiples with lower yields.

The company also enjoys a broad spread within its operations which is made up of a three way net fee exposure split demonstrated by 48% via contracting, 39% permanent and 13% outsourcing.

And in terms of its geographical reach and exposure the UK heads the list at 39%, followed by the US 18%, Benelux 15% Nordics 14% and Central Europe 9%, while Asia Pacific at present only accounts for 5%.

Looking ahead, as with others in and around the sector HVN's fortunes will largely be dictated by the wider global economy and all that goes with it and to that end it is not immune from downturn.

However even the UK, despite the prevailing nervousness is set to enjoy a level of growth, whilst others should register a more marked performance with demand around technology likely to remain positive for both the near and longer term.

Those eyeing the stock for income alongside potential stock appreciation should perhaps be reassured in the expectation of a maintaining of the dividend payment, which on broker estimates should see cover of 2x earnings.

Although this may not be as high as previous years which has seen an average of 2.6x, it nevertheless looks healthy enough, particularly in light of the positive cash generation.

Net debt which has fluctuated with a net cash position on the balance sheet over the years, is, according to Numis, set to come out at £4.2m for the year in progress before falling to £2.6m in 2018.